- Thailand’s SEC and Bank of Thailand launch national crypto sandbox.
- Tourists can convert digital assets into Thai baht.
- Public consultation open until August 13, 2025.
Thailand’s SEC and Bank of Thailand have announced the launch of a national crypto sandbox in July 2025. This initiative allows foreign tourists to convert digital assets into Thai baht nationwide.
Thailand’s Securities and Exchange Commission (SEC) and Bank of Thailand (BOT)
have launched a national crypto sandbox, allowing tourist conversion of digital currencies into Thai baht. This follows the 2024 Phuket pilot and aims to foster broader adoption.
Key players include the SEC, BOT, and Gulf Binance, led by Nirun Fuwattananukul, who highlights the sandbox’s potential in leveraging regulated frameworks. Combined efforts pave the way for nationwide economic recovery.
“This crypto sandbox builds directly upon former premier Thaksin Shinawatra’s Phuket sandbox proposal from late last year. Both share the core concept of allowing Bitcoin and cryptocurrencies as payment methods in tourist areas to drive adoption. The new sandbox proposal is no longer just limited to Phuket, but applies nationwide… This represents an evolution from an experimental concept to a structured regulatory framework with proper oversight.”
Immediate impacts may include increased crypto adoption in tourism and commerce as tourists can transact seamlessly. This initiative is viewed positively by regulated exchanges which invite faster digital integration.
Financial Implications
The financial implications are slated to boost use of Bitcoin and Ethereum among tourists. This move could strengthen Thailand’s position in digital finance, with benefits for local businesses and currency flow.
Current Trends
Current trends suggest advancing a digital economy with rigorous KYC/AML procedures. As the initiative unfolds, monitoring shifts in crypto exchange rates will be crucial while tracking economic impacts on tourism revenue.
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